Thermoplastic Edge Band Market to 2023 | Industry Statistics, Emerging Demands, Forecast to 2030
Thermoplastic
Edge Band Market Overview:
Thermoplastic Edge Band Market Share was USD 2,804.50 million in 2022. It
is projected to reach USD 3,484.21 million by 2030, indicating a CAGR of 2.8%
during the forecast period.
Market key drivers:
Aesthetics
and Durability: Thermoplastic edgebands offer a visually appealing finish to
furniture, cabinets, countertops, and other wood products. They come in a wide
range of colors, textures, and finishes, allowing for design flexibility.
Additionally, these edgebands are resistant to moisture, scratches, and
chemicals, ensuring a long-lasting finish.
Rising
Demand for Furniture: The global furniture industry is experiencing a boom,
fueled by factors like increasing urbanization, growing disposable income, and
a focus on home improvement. This surge in furniture demand translates to a
corresponding rise in the demand for thermoplastic edgebands, which are a vital
component in furniture finishing.
Modular
Furniture Trend: The growing popularity of modular furniture is another key
driver. Modular furniture allows for customization and easier assembly, making
it a popular choice for modern homes. Thermoplastic edgebands are ideally
suited for modular furniture due to their ease of application and ability to
create a seamless look.
Market Key
Players:
Roma
Plastik, Teknaform, REHAU Group EGGER, Wilsonart, Surteco, MKT, Proadec,
Dongguan Huali, Sinowolf Plastic
Market
Segmentation:
By Material: ABS Edgebands, PVC Edgebands, PP
Edgebands, PMMA Edgebands, and Others
By Structure : Rigid
and Flexible
By End Users: Residential, Commercial, and Others
Regional
Analysis:
Latin
America: The Latin American market for thermoplastic edge banding is on the
rise, driven by an expanding middle class and increasing urbanization. As
disposable incomes rise, consumers are demanding better quality furniture with
a modern aesthetic. The growing furniture manufacturing sector in this region
is another thermoplastic edge band market demand
Asia
Pacific: This region is currently the frontrunner in the thermoplastic edge
band market, driven by several factors. The burgeoning economies of China,
India, and Southeast Asia are witnessing a surge in construction and
infrastructure development. This, coupled with a growing middle class and
rising disposable incomes, is fueling the demand for new furniture and improved
living spaces. Additionally, the presence of established furniture
manufacturing hubs in the region further strengthens its market position.
North
America: North America boasts a well-developed furniture industry with a strong
focus on quality and aesthetics. Consumers here are increasingly opting for
furniture with a modern and finished look, which is where thermoplastic edge
banding comes in. The rising popularity of DIY (Do-It-Yourself) projects and
home renovations also contributes to the market growth in this region.
Emerging
Regions:
Europe:
Europe has a long-standing tradition of furniture craftsmanship, and the market
for thermoplastic edge banding is witnessing steady growth here. The focus on
sustainable practices is leading to a preference for eco-friendly edge banding
solutions, which many thermoplastic options cater to. Additionally, the ongoing
trend of furniture refurbishment is creating opportunities for the use of edge
banding materials.
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